A Guide to HOA Manager Licensing Requirements

THERE ARE CURRENTLY TEN STATES THAT REQUIRE CERTIFICATION OF COMMUNITY ASSOCIATION MANAGERS.

IN 2013 COLORADO ENACTED HOUSE BILL 1277 (HB 1277), WHICH REQUIRES COMMUNITY ASSOCIATION MANAGERS, MANAGEMENT COMPANY EXECUTIVES WHO DIRECTLY SUPERVISE MANAGERS TO BE LICENSED BY THE DIVISION OF REAL ESTATE (DRE).


Q: When does Colorado HB 1277 go into effect?

A: January 1, 2015

Q: Who needs to be licensed under Colorado HB 1277?

A: If you are reading this, YOU likely need to be licensed. Any person or entity that performs more than one community association service outlined below to any form of common interest community (HOA, POA, etc.) for any form of compensation must be licensed by July 1, 2015. 

  • Assisting in the creation and implementation of a reserve program for the replacement of capital assets
  • Assisting in the provision of notice or conduct of meetings of board members or unit owners
  • Contracting for or coordinating maintenance of property and facilities of the common interest community
  • Conducting property inspections, administering applications for architectural review
  • Keeping records of violations of the governing documents of the common interest community
  • Performing other services relating to the day-to-day operation of the common interest community

If you are not provided with compensation to provide management services for your association, then you do not need to hold a license.

Q: How does someone get licensed?

A: In order to meet licensing requirement by July 1, 2015, you must complete the following:

  1. Complete a state-approved 24-hour course on community association managment OR hold one of the following credentials?
    • Certified Manager of Community Associations (CMCA)
    • Association Management Specialist (AMS)
    • Professional Community Association Manager (PCAM)
  2. Pass the core compentency and state law exam.
  3. Submit a set of fingerprints to the Colorado Bureau of Investigation for the purpose of conducting a fingerprint-based criminal history check.
  4. Complete the DRE application for licensure.

Q: Legislation and Rules

A: Following are the adopted, permanent rules, and the link beside them shows the redlined version:

RESOURCES

Colorado HB13-1277 Community Association Manager (CAM) Licensing Act
Community Association Manager Licensing Permanent Rules
Colorado Common Interest Ownership Act(CCIOA)
Colorado Condominium Ownership Act (COA)
Colorado Revised Non-Profit Corporations Act
Colorado Fair Housing Act
Community Association Managers International Certification Board (CAMICB)
Department of Regulatory Agencies - Division of Real Estate
HOA Information and Resource Center
CAM Fees and Application Page

This article is brought to you by HOA Accounting by ASAP Accounting & Payroll. ASAP makes HOA Accounting painless - learn more at www.hoaaccounting.com

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